Tidal Investments LLC Grows Position in United Microelectronics Co. (NYSE:UMC)

Tidal Investments LLC boosted its stake in shares of United Microelectronics Co. (NYSE:UMC) by 110.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,287 shares of the semiconductor company’s stock after acquiring an additional 60,533 shares during the period. Tidal Investments LLC’s holdings in United Microelectronics were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of UMC. Hennessy Advisors Inc. grew its position in shares of United Microelectronics by 13.3% during the second quarter. Hennessy Advisors Inc. now owns 15,627 shares of the semiconductor company’s stock valued at $137,000 after purchasing an additional 1,836 shares in the last quarter. Signaturefd LLC grew its holdings in United Microelectronics by 1.4% during the 2nd quarter. Signaturefd LLC now owns 229,462 shares of the semiconductor company’s stock valued at $2,010,000 after buying an additional 3,165 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in United Microelectronics by 2.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 71,459 shares of the semiconductor company’s stock valued at $626,000 after buying an additional 1,756 shares in the last quarter. Mizuho Securities Co. Ltd. increased its stake in United Microelectronics by 18.7% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 82,335 shares of the semiconductor company’s stock worth $721,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in shares of United Microelectronics during the 2nd quarter worth approximately $103,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Trading Down 0.9 %

UMC stock opened at $6.52 on Friday. United Microelectronics Co. has a twelve month low of $6.31 and a twelve month high of $9.00. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.17. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $7.05 and its two-hundred day simple moving average is $7.95.

Analyst Upgrades and Downgrades

UMC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. The Goldman Sachs Group cut shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price on the stock. in a research report on Thursday, October 17th. Finally, Morgan Stanley lowered United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, United Microelectronics currently has a consensus rating of “Hold” and an average price target of $7.40.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.